Tech Executives Discount Fears
Of Year-2000 Earnings Losses

DAVOS, Switzerland -- For the past year, some analysts have predicted that year-2000 problems will wreak havoc with the earnings of technology companies.

They're not worried about the computer bug itself. In fact, most high-tech companies have been Y2K ready for months. Instead, they're predicting a "nuclear winter" as corporate custormers divert their budgets away from buying new software or computers and toward fixing their Y2K glitches. In the worst-case scenario, the argument goes, information-technology, or...